Trump Considers Taking Fannie Mae and Freddie Mac Public While Keeping U.S. Guarantees
In recent developments, President Trump is pursuing plans to privatize mortgage giants Fannie Mae and Freddie Mac, indicating that he is seriously considering taking them public. This move has led to rising shares of both companies in the over-the-counter market. Trump reassured that even if privatized, both firms would maintain their implicit government guarantees, aimed at protecting homebuyers. His administration has faced mixed reactions, with some officials emphasizing the need for Congress to be involved in such significant financial decisions. As the situation evolves, investors and the housing market brace for potential changes that could impact mortgage rates and housing affordability.
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